EURAUD Wave Analysis

Gold remains at the front foot and edges higher in early Monday, extending recovery into third straight day. The yellow metal regained ground after last week’s sharp fall, boosted by growing signals that the Fed may opt for 50 basis points rate hike in September. Weak US economic data warn of worse than expected scenario, […]

Following a week-long, 300-pip drop on AUDNZD last week, this week has opened up with some renewed bullish vigor with a 150-pip correction. While this looks incredible in favor of the Australian Dollar, there yet remains some mystery as to the exact direction the momentum will follow. Here’s my outlook as touching the price action […]

Silver reversed from support level 22.00 Likely to rise to resistance level 23.500 Silver recently reversed up from the key support level 22.00 (which reversed the daily Morning Star in November as can be seen below). The support level 22.00 was strengthened by the lower daily Bollinger Band and by the support trendline of the […]